ArcelorMittal the largest Steel producer in the world announced on Friday that they would launch a flat carbon steel JV partnership with Hunan Valin Group and Hunan Valin Steel. Hunan Valin Steel will own 34 percent in the new joint venture while ArcelorMittal and Hunan Valin Group will each have a 33 percent stake. This new joint venture will have an annual production capacity of 1.2 million tonnes of flat carbon steel, that will be used mostly for automotive applications. Products will include cold rolled steel, galvannealed steel and pure zinc galvanized steel.
Leave a Reply